Windjammer Capital Secures $1.3 Billion for Fund VI
Windjammer Capital Investors, a national private equity investment firm, announces the successful closure of Windjammer Capital Fund VI, securing an impressive $1.3 billion in total capital commitments. The fund, which exceeded its initial target by 48%, attracted diverse investors, including private and public pensions, family offices, insurance companies, and asset managers.
Windjammer Capital, headquartered in Newport Beach, CA, and Waltham, MA, specializes in controlling equity investments in middle-market businesses. This marks the firm’s sixth fund closure, adding to its legacy of managing over $3 billion in capital. Despite the challenging economic environment, Windjammer has consistently delivered results, completing over 60 platform investments and over 160 strategic add-ons.
Gregory Bondick, Managing Principal of Windjammer, expressed gratitude for the unwavering support of both existing and new investors. He emphasized the unique model built by Windjammer, focusing on investments with core attributes that provide downside protection and substantial upside potential.
Bondick stated, “We’re very appreciative of our investors’ support, particularly given the challenging environment, and look forward to working hard to reward their faith in Windjammer.”
Jeffrey Miehe, Managing Principal of Windjammer, highlighted the critical role of operational resources in their partnerships. The firm’s capabilities, directed at growth, development, and key operational initiatives, have been instrumental in driving the expansion of revenue and profits. This commitment to operational excellence remains a cornerstone for Fund VI, continuing the tradition established in previous funds.
Similar to its predecessor, Fund VI will concentrate on acquiring businesses with leading positions in niche addressable markets. Windjammer’s strategic focus areas include advanced manufacturing, specialty distribution, and business services. The target platform companies for Fund VI typically range between $10 million and $50 million in operating profit. This range showcases Windjammer’s commitment to identifying and nurturing businesses with significant growth potential.
Windjammer Capital’s successful closure of Fund VI underscores the firm’s resilience in navigating challenging economic landscapes. Additionally, it highlights the unwavering confidence of its investors in Windjammer’s strategic approach and proven track record.
